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Technology Stocks : GX Investors Thread
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To: Bonzo who wrote (404)10/11/2001 12:14:35 AM
From: BWAC  Read Replies (1) of 586
 
<Buying the debt at .18 would imply a cost of $1.26B
$7B x 18% = $1.26B
With $2.4B of cash at 9/30/01 that would leave over $1M + the net from the Asset sales - possibly another $750M.
With $1.75B of net cash and the elimination of $600M in annual interest payments GX is home free. Where did I go wrong in my calculations?>

Finding willing sellers in size of the debt at 18 cents.
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